Streetbeat News

Assets

BTCUSD

Crypto trader Alex Krüger predicts the Bitcoin bull market is far from over, attributing potential growth to the underutilized institutional sales process of Bitcoin ETFs. Krüger highlights that only 20% of the institutional sales mechanism for Bitcoin ETFs is functional, with expectations of significant acceleration by year-end. He notes the slow adoption by advisors but mentions Merrill Lynch and UBS preparing to offer ETFs to clients, signaling a broader institutional embrace. The approval and trading of spot Bitcoin ETFs since January 10 have already attracted new investors and contributed to Bitcoin's recent price surge.

Portfolio Pulse from Benzinga Neuro

March 18, 2024 | 11:09 am

SAIC

Science Applications Intl (SAIC) reported Q4 net bookings of $1.4B with a book-to-bill ratio of 0.8, and annual net bookings of $6.7B with a ratio of 0.9. The estimated backlog at the end of FY2024 is $22.8B, with $3.5B funded.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:08 am

GNS

Genius Group has released further details about its acquisition of FatBrain AI, indicating that post-acquisition, Genius Group will remain the parent company. FatBrain AI's assets will be held in a wholly owned subsidiary. Genius Group will continue to trade on the NYSE American under the ticker GNS, operating as a Singapore-based entity compliant with IFRS Standards.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 11:03 am

WTI

W&T Offshore has modified its non-recourse term loan with Munich Reserve Risk Financing, expected to enhance liquidity through 2024 without raising net leverage. This strategic financial maneuver aims to strengthen the company's financial position by providing additional liquidity, ensuring operational flexibility without adding to its debt burden.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:47 am

RITM

Rithm Capital has announced the early tender results for its cash tender offer to purchase up to $275 million of its outstanding 6.250% Senior Unsecured Notes due 2025. This move is part of Rithm Capital's financial management strategy to manage its debt obligations.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:44 am

WD

Walker & Dunlop has arranged a $109 million construction financing deal for a multifamily development in Brooklyn. This move signifies the company's active involvement in facilitating significant real estate projects, potentially impacting its financial performance and market perception positively.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:42 am

OCS

Oculis reported its 2023 cash, cash equivalents, and short-term investments totaling CHF 91.7M or $108.9M, which is expected to extend the company's cash runway into late 2025.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:39 am

VGK

The Eurozone trade balance for January was reported at 11.4 billion euros, a decrease from the previous 16.8 billion euros. VGK, an ETF that tracks European stocks, may be impacted.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:02 am

VGK

The Eurozone Consumer Price Index (CPI) for February showed a month-on-month increase of 0.6%, aligning with the estimated 0.6% and marking a positive change from the -0.4% observed in the previous month.

Portfolio Pulse from Benzinga Newsdesk

March 18, 2024 | 10:02 am

BOME

SOL

Solana's SOL and The Book of Meme (BOME) have seen increased attention on social media, despite recent price drops. BOME surged 82% after its launch and was added to Binance's platform. However, both tokens experienced price corrections, with BOME dropping nearly 50% in 24 hours. Social media mentions and trading activity for Solana-based meme coins have spiked, but selling pressure remains high.

Portfolio Pulse from Mehab Qureshi

March 18, 2024 | 9:25 am